On September 19, 2014 U.S. Eastern Standard Time, Alibaba Group Holding Limited (“Alibaba”) began trading on the New York Stock Exchange under the symbol “BABA”. A total of 320,106,100 American Depositary Shares (excluding green shoe) were offered and approximately US$21.8 billion proceeds were raised in the offering, making Alibaba’s IPO the biggest one in the history of the U.S. capital markets.
King & Wood Mallesons (“KWM”) acted as the PRC legal counsel for the six lead underwriters in Alibaba’s U.S. listing. From the kick-off to the filing of registration form with SEC, the roadshow and the successful listing, KWM lawyers participated in every stage of this milestone project and witnessed every important event of Alibaba’s U.S. listing process.
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